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Poonawalla Fincorp Ltd’s (PFL) consolidated net profit rose sharply to Rs 96 crore for the third quarter ended December 2021 (Q3Fy22) from Rs 13 crore in Q3Fy21 on improvement in interest margins and dip in credit costs.
PFL, formerly Magma Fincorp, had posted a net profit of Rs 96 crore in the second quarter ended September 2021 (Q2Fy22), according to investor presentation.
The share of finance firm close flat at Rs 281.8 per share on BSE.
Net Interest Margins (NIM) stood at 8.8 per cent in Q3 Fy22, up from 8.5 per cent in December 2020. However, sequentially NIM declined
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